NVR (NVR) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of NVR (NYSE:NVR) from a hold rating to a buy rating in a research note published on Wednesday.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of NVR from a buy rating to a hold rating in a research note on Monday, March 5th. UBS Group lifted their price target on shares of NVR from $3,450.00 to $3,750.00 and gave the stock a neutral rating in a research note on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $3,064.50.
Shares of NVR (NVR) opened at $3,056.98 on Wednesday. The stock has a market cap of $11,259.16, a price-to-earnings ratio of 21.57, a PEG ratio of 1.06 and a beta of 0.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.62 and a quick ratio of 1.67. NVR has a 52 week low of $1,990.00 and a 52 week high of $3,700.00.
NVR announced that its board has authorized a share buyback program on Tuesday, December 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other NVR news, Director Melquiades R. Martinez sold 47 shares of NVR stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $3,000.00, for a total transaction of $141,000.00. Following the completion of the transaction, the director now directly owns 178 shares of the company’s stock, valued at $534,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Grady Rosier sold 650 shares of NVR stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $3,145.90, for a total value of $2,044,835.00. Following the transaction, the director now directly owns 1,862 shares of the company’s stock, valued at $5,857,665.80. The disclosure for this sale can be found here. Insiders have sold 1,097 shares of company stock worth $3,373,063 in the last quarter. Corporate insiders own 11.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of NVR. Renaissance Technologies LLC lifted its holdings in shares of NVR by 161.5% during the fourth quarter. Renaissance Technologies LLC now owns 51,180 shares of the construction company’s stock valued at $179,551,000 after acquiring an additional 31,610 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of NVR by 304.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 35,125 shares of the construction company’s stock valued at $123,226,000 after acquiring an additional 26,437 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of NVR by 331.9% during the third quarter. Janus Henderson Group PLC now owns 30,783 shares of the construction company’s stock valued at $87,883,000 after acquiring an additional 23,656 shares during the period. BlackRock Inc. lifted its holdings in shares of NVR by 4.5% during the fourth quarter. BlackRock Inc. now owns 398,368 shares of the construction company’s stock valued at $1,397,562,000 after acquiring an additional 17,136 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of NVR by 47.4% during the fourth quarter. Acadian Asset Management LLC now owns 48,238 shares of the construction company’s stock valued at $169,231,000 after acquiring an additional 15,512 shares during the period. 78.64% of the stock is owned by institutional investors.
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NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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